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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$2,600,000

Est. payment - /mo

7,814 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR24248488

HOA Y/N No

Year Built 1958

Lot Size 7,814 Sqft

Property Sub-Type Mixed Use

Property Description

PRICE IMOPROVEMENT!!! SELLER MOTIVATED TO SELL! Prime Corner Lot Investment Opportunity – 1184 N Berendo Street, Los Angeles.

Exceptional 10-unit apartment building in East Hollywood, just two blocks from Sunset Blvd. With a proforma CAP rate of 8.5%+, this value-add opportunity features 7,864 SF of living space on a 7,815 SF corner lot. The unit mix includes (8) 1B+1B, (1) 2B+1B, and (1) 2B+2B, with one vacancy and nine parking spaces.

Centrally located near Larchmont Village, Koreatown, and Downtown LA, this property benefits from its proximity to top employers (Netflix, Kaiser, Paramount) and major retailers (Ralphs, Starbucks). Easy freeway access and strong rental demand make it a standout investment in a highly desirable area. SELLER WILL LISTEN TO ALL REASONABLE OFFERS!

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LARD1.5

Interior

Fireplace No

Laundry None

Exterior

Carport Spaces 8

Pool None

Community Features Sidewalks

Total Parking Spaces 9

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5540021001

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA

Listing Terms Cash, Cash to New Loan, Conventional, FHA

Special Listing Condition Standard

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Listed by May Arroyo • Premier Properties Realty Prof • 626-688-6888

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1184 N Berendo ST Los Angeles, CA 90029